PepsiCo: Coca-Cola Escapes New Tariff Costs With US-Based Production, While PepsiCo's Irish Supply Faces 10% Levy

New U.S. tariffs are impacting the cold drink companies, with the Coca-Cola Co. (NYSE:KO) ending up with a cost advantage over PepsiCo Inc. (NASDAQ:PEP).The key factor behind the change is where each company manufactures the concentrate that forms the base of their sodas.What Happened: PepsiCo manufactures almost all of its concentrate for U.S. sodas in Ireland, which is now subject to a 10% tariff.Coca-Cola, by producing its concentrate largely ...Full story available on Benzinga.com